coffee

Keurig Green Mountain Inc, the maker of K-Cup single-serve coffee pods, said it would be bought by an investor group led by Germany's JAB Holding Co (JAB) for about $13.9 billion, creating a global coffee giant.

Although I have a counter trend buy signal, I do not think the longer term overall trend has changed to up. This King's Cross buy signal is not my preferred trade because the 50-period moving average is pointing down.